Diabytes
ONGC shares News
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ONGC`s first debt issue in more than a decade would likely buy the government`s 51.1-percent stake in refining and marketing company Hindustan Petroleum Corp Ltd , company officials and analysts said.
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Shares of Oil and Natural Gas Corp (ONGC) today fell by nearly 3 percent as the state-run firm reported a 11 per cent drop in September quarter net profit.
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The stock slumped 4.51 percent to Rs 313.30 on BSE and was the top Sensex loser. On NSE, the stock went down 4.48 percent to Rs 313.20.
The company, a subsidiary of Oil and Natural Gas Corp (ONGC), bought some 25,000 equity shares of Rs 10 each from mostly employees.
Oil and gas major ONGC Saturday approved an interim dividend of 100 percent after its board meeting.
The Department of Disinvestment is understood to have floated a Cabinet note for inter-ministerial consultation to take forward the ONGC stake sale.
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